If Outlook 2000 is hanging at the "Please wait while apply the fix, you must first have Office2000 Service Release 1a (SR-1a) from http://www.microsoft.com/downloads/details.aspx?FamilyID=af6c8d03-7633-45b4-ab96-795ee656f2a2&displaylang=en Next you nee more...
Microsoft Office XP Professional OEM w/... - Troubleshooting